Vistra Corp. $VST Shares Purchased by Greenup Street Wealth Management LLC

Greenup Street Wealth Management LLC boosted its position in Vistra Corp. (NYSE:VST) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,972 shares of the company’s stock after buying an additional 103 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in Vistra were worth $2,708,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank lifted its holdings in Vistra by 1.9% in the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock worth $8,680,000 after buying an additional 1,387 shares in the last quarter. Peak Financial Advisors LLC acquired a new position in Vistra in the 2nd quarter worth $547,000. Envestnet Asset Management Inc. lifted its holdings in Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock worth $30,021,000 after buying an additional 57,551 shares in the last quarter. Tcfg Wealth Management LLC acquired a new position in Vistra in the 2nd quarter worth $258,000. Finally, Golden State Wealth Management LLC lifted its holdings in Vistra by 2,540.0% in the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company’s stock worth $47,000 after buying an additional 381 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

VST opened at $194.42 on Tuesday. The firm has a market cap of $65.87 billion, a price-to-earnings ratio of 31.01, a price-to-earnings-growth ratio of 2.86 and a beta of 1.33. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The company’s 50-day moving average price is $200.46 and its 200 day moving average price is $176.99. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. As a group, sell-side analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were issued a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. Vistra’s payout ratio is 14.35%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VST. UBS Group upped their target price on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Melius Research upgraded shares of Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. Scotiabank began coverage on shares of Vistra in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 target price on the stock. Melius began coverage on shares of Vistra in a research note on Wednesday, August 20th. They issued a “buy” rating and a $295.00 target price on the stock. Finally, Wall Street Zen lowered shares of Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $229.31.

Insider Activity

In other news, CEO James A. Burke sold 43,074 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the completion of the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 590,228 shares of company stock valued at $121,653,740 in the last ninety days. Company insiders own 1.42% of the company’s stock.

Vistra Company Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.